AAIC big parcel @ 128 Now in rs.88 At market

Gaja · 26 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:07 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Join date : 2011-01-27

troy wrote:My broker confirmed no Mandatory offer since two parties have bought and a relationship among those is not identifiable. Sorry if any one misguided by my posts and thanks Gaja for saving the day for me.

Wel Come Friend

If am not mistaken these two investors have long term relationship with Sri Lanka, and if am right there were the share holders of DFCC at the initial stages

Rapaport · 27 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:15 pm

Rapaport

Assistant Vice President - Equity Analytics

Posts : 681
Join date : 2011-02-01

Can anyone elaborate the benefits this can have for Softlogic??

It is a company with substantial debt and their restructuring with their hospitals and now AAIC is a little confusing.

Hmmmmmmmmmmm

Cheers!

Gaja · 28 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:18 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Join date : 2011-01-27

Rapaport wrote:Can anyone elaborate the benefits this can have for Softlogic??

It is a company with substantial debt and their restructuring with their hospitals and now AAIC is a little confusing.

Hmmmmmmmmmmm

Cheers!

I feel this transaction also executed with the intention of reducing the debt, also on of this companies giving loan to Softlogic capital with the option to convert as shares in the years to come if am not mistaken.

Harry82 · 29 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:21 pm

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Join date : 2012-01-18

then why they bought at high price ?

VISA · 30 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:23 pm

VISA

Senior Manager - Equity Analytics

Posts : 396
Join date : 2012-04-20

You might be right but read

FMO interim report for 2012. (page 6)

http://www.fmo.nl/investorrelations

They have joint office with DEG in Johannesburg. i assume this is the same DEG your are talking about

What is the definition of connected parties is very interesting

"In the beginning of 2012 FMO opened a joint office with DEG in Johannesburg. Our local presence will strengthen our sourcing capacity and will enhance our service to clients in Southern Africa. During the first half of 2012 we have actively explored opportunities and worked on new initiatives to catalyze funds with other Development Finance Institutions and/or commercial parties which will be continued in the second half of 2012."

Harry82 · 31 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:29 pm

Harry82

Senior Vice President - Equity Analytics

Posts : 2365
Equity Stars : 8797
Reputation : 54
Join date : 2012-01-18
Age : 42
Location : Colombo

Parent company is same

salt · 32 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:40 pm

salt

Vice President - Equity Analytics

Posts : 1345
Equity Stars : 7837
Reputation : 90
Join date : 2011-01-31

Establishment cause for mandatory offer is difficult in this case as two entities are not linked officially.

Gaja · 33 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:40 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9703
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Harry82 wrote:Parent company is same

Friend from where u got this info?

Gaja · 34 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:45 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9703
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

VISA wrote:You might be right but read

FMO interim report for 2012. (page 6)

http://www.fmo.nl/investorrelations

They have joint office with DEG in Johannesburg. i assume this is the same DEG your are talking about

What is the definition of connected parties is very interesting

"In the beginning of 2012 FMO opened a joint office with DEG in Johannesburg. Our local presence will strengthen our sourcing capacity and will enhance our service to clients in Southern Africa. During the first half of 2012 we have actively explored opportunities and worked on new initiatives to catalyze funds with other Development Finance Institutions and/or commercial parties which will be continued in the second half of 2012."

I feel having a joint office is will not lead to say both are related parties, also if they are related parties they must know the impact of acquiring more than 30%

Gaja · 35 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:52 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9703
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

http://www.cse.lk/cmt/upload_cse_announcements/251362638960_.pdf

smallville · 36 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 2:40 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10128
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

So softlogic sheds 38% @ 128... ohhh

Slstock · 37 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 2:44 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13396
Reputation : 1158
Join date : 2011-01-22

At about Rs 6 per share profit after holding for more than 1 year. Guess it is better than paying higher interest rates on finance costs.

smallville wrote:So softlogic sheds 38% @ 128... ohhh

knockknobbler · 38 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 7:05 pm

knockknobbler

Manager - Equity Analytics

Posts : 178
Equity Stars : 4302
Reputation : 12
Join date : 2013-02-21

FMO is from Netherlands and DEG is from Germany. These are Institutions set up respective Governments to to promote industrial growth in developing countries.
I don't think they can be classified as related parties.

In Sri Lanka, both Institutions worked with NDB and DFCC since 1980's. Even in their operations in Sri Lanka they work closely ,and sometimes have funded jointly.

VISA · 39 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 9:29 pm

VISA

Senior Manager - Equity Analytics

Posts : 396
Equity Stars : 6224
Reputation : 27
Join date : 2012-04-20

the point is on relation to jurisdiction in Sri lanka. even 2 entities in EU can be single entity in sri lanka. the point is in south Africa they are working like a single entity(that can be also questionable). in Sri lanka it might be or it might be not. That is why definition is important and that is upto our regulators to decide.

Just an opinion

knockknobbler · 40 Re: AAIC big parcel @ 128 Now in rs.88 At market Fri Mar 08, 2013 8:59 am

knockknobbler

Manager - Equity Analytics

Posts : 178
Equity Stars : 4302
Reputation : 12
Join date : 2013-02-21

There is clear evidence to conclude that the two buyers are not related parties ,as per local regulations. .
Prior to this transaction market price of AAIC had been around 80/-s and even after the crossing , not much of a price change at main board. Yesterday's closing was around 84/-.
The crossing took pace at 128/- and if they are connected parties they have to make a mandatory offer at 128/-. The details of the crossing was known to the market yesterday, (to brokers , by 10.00 AM ?) and immediately the price should surge to around 128/-. That didn't happen .That implies there is no mandatory offer, which proves buyers are not related parties as per SEC rules.

If i am wrong , the price should surge to around 128/- today. Watch out !!!
( I assumed 38% is above the threshold for mandatory offer , correct ?)

Last edited by knockknobbler on Fri Mar 08, 2013 9:03 am; edited 1 time in total (Reason for editing : last sentence added .)

stockboy · 41 Re: AAIC big parcel @ 128 Now in rs.88 At market Sun Mar 10, 2013 9:05 pm

stockboy

Senior Manager - Equity Analytics

Posts : 320
Equity Stars : 5057
Reputation : 8
Join date : 2011-08-03

SEC looking for possibilities to call for mandatory offer at AAIC if both INVESTED parties have direct or indirect relationship

knockknobbler · 42 Re: AAIC big parcel @ 128 Now in rs.88 At market Mon Mar 11, 2013 9:36 am

knockknobbler

Manager - Equity Analytics

Posts : 178
Equity Stars : 4302
Reputation : 12
Join date : 2013-02-21

stockboy wrote: SEC looking for possibilities to call for mandatory offer at AAIC if both INVESTED parties have direct or indirect relationship

If you have credible evidence be watchful,(if you don't mind,tell us also !). If they have to make a mandatory offer the price would be @ 128/-. Now there is a huge price gap.Good opportunity !!!

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

AAIC big parcel @ 128 Now in rs.88 At market

26 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:07 pm

Gaja

27 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:15 pm

Rapaport

28 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:18 pm

Gaja

29 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:21 pm

Harry82

30 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:23 pm

VISA

31 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:29 pm

Harry82

32 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:40 pm

salt

33 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:40 pm

Gaja

34 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:45 pm

Gaja

35 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 12:52 pm

Gaja

36 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 2:40 pm

smallville

37 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 2:44 pm

Slstock

38 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 7:05 pm

knockknobbler

39 Re: AAIC big parcel @ 128 Now in rs.88 At market Thu Mar 07, 2013 9:29 pm

VISA

40 Re: AAIC big parcel @ 128 Now in rs.88 At market Fri Mar 08, 2013 8:59 am

knockknobbler

41 Re: AAIC big parcel @ 128 Now in rs.88 At market Sun Mar 10, 2013 9:05 pm

stockboy

42 Re: AAIC big parcel @ 128 Now in rs.88 At market Mon Mar 11, 2013 9:36 am

knockknobbler

43 Re: AAIC big parcel @ 128 Now in rs.88 At market

Sponsored content

New topics